This section contains a wide variety of archived articles, notices and news from DCIR including media releases and publications.
VAT Office warns businesses that it is an offence for any person to aid, abet, incite, or conspire with any other person to commit any offence against the VAT Act No. 12 of 1998 or any Regulation made under the Act.
Anyone who colludes with others to evade or avoid VAT obligations will face serious consequences including penalties and where appropriate will be prosecuted.
Upon conviction, the penalty for a first offence (or offences) against Section 51(1)(n) under the Act is a fine of up to 700,000 vatu or imprisonment of 3 months and/or both.
Compiled by B. J. Skane
Aiming to strengthen the protection of Vanuatu’s borders and facilitate the clearance of genuine small craft and travelers into and out of the country the Department of Customs and Inland Revenue has issued a Notice to Masters that clearly sets out the procedures waterborne visitors must follow.
The Post Customs Clearance Audit Section of the Customs and Inland Revenue Department is currently carrying out a survey on importers. The purpose of this survey is to assist the Department with the necessary background information to set up a better profiling system. Part of the outcome of this profiling system will have a strong positive impact on compliant companies such as:
Following the gazetting of the Import Duties (Consolidation) (Amendment) Act No. 29 of 2013, there is now a legal avenue for Super Yachts to operate in Vanuatu. This is an industry which Fiji and Tahiti have been enjoying for some years now, however the laws of Vanuatu have been prohibiting Super Yachts to operate in Vanuatu.
August 1st 2013 marked the 15th anniversary of Vanuatu’s most significant tax reforms which is the introduction of VAT since 1st August 1998. The VAT concept originated in Germany, and represented a significant departure from previous forms of tax called sales/purchase tax. In 1954, France became the first country to introduce a form of VAT.